James Crabtree is an associate professor in practice at the Lee Kuan Yew School of Public Policy at the National University of Singapore. He is author of "The Billionaire Raj."
China's hunger for technology has been on full display during the current Two Sessions meeting in Beijing. On Mar. 5, Premier Li Keqiang confirmed sharp increases in state spending for frontier areas such as semiconductors, as his administration grapples with crippling U.S. restrictions on Chinese tech companies.